TQR Trade (Tqrtrade.com) is a bullish Forex scam broker who is stealing from anyone who deposits with them. TQRtrade is contending to offer one of the most accessible ways to become rich. Is it really possible to get rich with this broker? This detailed and eye catching TQR TRADE review will expose the truth. After receiving hundreds of complaints from users who lost funds, we decided to investigate TQR TRADE.
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After a number of complaints were sent to our help desk, we knew something was up. There’s no way a real broker can have so many members losing money. Don’t they have a negative protection policy? And this is why TQRTRADE is a scam; a real broker will ensure members are protected at all times. This broker has gone ahead and posted fake claims and promises to lure unsuspecting investors to sign up. There’s more to this website than what they really want to show.
Scammers want to use claims and promises to take advantage of the need to make money. They know for a fact we all want to make an extra buck or two. This is nothing more than a scam built to enrich the pocket of the owners. How can this be a real broker who has no remorse whatsoever when members lose all their deposits? How can this broker be stopped? Is there a way to protect unsuspecting investors? Read this entire review to find out the whole bag of tricks used by TQRTRADE.
According to the disclaimer at the footer of their homepage, this brokerage site is owned by a company. Name of the company is Eternity Capital Management LTD which claims to be based in Nicosia. There’s a reason why these scammers have decided to name Nicosia as their home base. This is all in their grand scheme to hide the truth from members. Who are the people behind this platform? Why have they failed to name the actual owners of this platform?
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A broker who is surrounded by anonymity should never be trusted by any investor. Anonymous brokers are a bad choice as they leave members stranded. Once you deposit funds to any anonymous broker, consider it lost. These scammers are profiting from money deposited by claiming to offer Forex services. Why would anyone make this site and not want to gain recognition? This is simply a hoax meant to lure investors into depositing funds with TQR trade.
License and registration is an important aspect when dealing with any Forex broker. This broker has posted 346/17/73 as their license number. Fraudsters will do or say anything to make investors believe there is dully registered. After checking with the FCA, search reveals this broker is not licensed or registered. This means TQR Trade is operating Forex transactions illegally. Anyone who signs up is at risk of being defrauded of their entire deposits
Where are their licensing and registration documents to prove real legitimacy? Is this broker planning to get a real license from official regulatory bodies? This broker claims to have UK’s address and at the same time, based in Cyprus. Yet, the regulatory body which registers brokers in this region has not registered any broker with this name. CySEC has not at any time given this broker a free pass to conduct Forex business. This is proof we are dealing with a hoax broker.
Another red flag we should point out is how TQR Trade is using their demo account to fool investors. What these scammers have done is create a demo account which makes over 95% successful trade wins. How can a broker make this insane profit margin which is near impossible? With the market being volatile and prices constantly changing, this is a scam. No broker or software can meet this target.
Reason why this broker is using a rigged demo account is to entice users into believing they can mirror results. With real cash, achieving this profit margin is next to impossible and users end up losing funds. Why would a broker make up this insane demo account? To get more investors to sign up, deposit money and thus, line up their pockets. This is a genius move from scam artists.
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TQR Trade is recommending four different account types to choose from. These account types include Standard, Classic, Premium, and Gold. Their minimum acceptable deposit to start trading is $250, $2,500, $20,000, and $50,000. What we found odd with these accounts is how they remain the same. They have the same characteristics and advantages. Why would a user sign up with $20,000 and get the same perks as a user who deposits $2,500? This is why we highly recommend you stop trading with this broker.
Why use these specific account types with the same advantages? This broker is trying to trap different classes of investors. From newbie, standard and expert investors, this broker is out to cause harm. Make sure to look at what brokers offer in their account types. Accounts have to be different and offer unique advantages. This broker did not think it through as they hoped no one would notice. This is why we have to expose this broker for the scam they really are.
When it comes to funds being secure, TQR Trade is not able to safeguard your deposits. Why have they failed to mention how they handle funds deposited? A real broker will clearly reveal how they handle funds in their legal agreement’s page. TQR Trade is deliberately hiding this information which raises our suspicion. Where do they bank money deposited by investors who sign up?
What we found to be shocking is how users are depositing funds to an unknown bank account. Could investors be depositing funds straight to owner’s personal bank account? This is why investors need to stop opening accounts with this platform. Make sure to stay away from this broker as they don’t segregate accounts. This broker has falsely claimed to insure funds which is a lie. If they did, why haven’t they paid back money lost by members?
Without a shadow of doubt, we are dealing with a fake broker whose intention is to steal funds. Evidence clearly reveals we are dealing with a broker who is out to steal funds by false pretense. TQR Trade is not a real broker and is using this website to scam traders. Best thing is to ignore their pleas to sign up. Resist from taking any calls from their call agents.
As a way of protecting all traders, we have to add this broker to our scam broker blacklist. After doing this, we hope authorities will look into this broker and shut their website down. This is the only way to protect all users and investors from signing up with this broker. Every investor now knows not to trust TQRTRADE thanks to reading this review.
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Finally, we wish you all the best in your Forex trading experience.
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